About Hearables
A hearable device is a kind of microcomputer that is positioned in the ear and is fitted in the ear canal of the user. This kind of device makes the use of wireless technology to enhance and complement the hearing experience of the wearer. There are many exciting and limitless possibilities of the hearable devices that are experiencing an excellent reception in the market. An area of application which has enormous applications in the field of hearable devices is the area of augmented hearing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to Hearables market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Hearables and Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GN Store Nord A/S (Denmark), Sivantos Pte Ltd. (Singapore), Apple Inc. (United States), Samsung Electronics Co., Ltd. (South Korea), Sennheiser Electronics GmBH Co. KG (Germany), Sony Corporation (Japan), Tarkey Hearing Technology Inc. (United States), Bragi GmBH (Germany), Doppler Labs Inc. (United States), Miracle-Ear, Inc. (United States) and Valancell Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Earin AB (Sweden), Nuheara Ltd. (Australia) and Eargo Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hearables market by Type (Headphone & Headsets and Hearing Aids), Application (Consumer, Healthcare and Others) and Region.
On the basis of geography, the market of Hearables has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology Type, the sub-segment i.e. Bluetooth will boost the Hearables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Hearables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Investment in R&D for Hearable Devices By Top Market Players
Market Growth Drivers:
Increasing Penetration of Smartphones and Tablets as a Source of Entertainment, Surging Consumer Preference for Wearable and Portable Devices and Increasing Demand for Health Monitoring Applications and Hearing Aids
Challenges:
Negative Health Effects on Children and Other User Groups and Limited Battery Life of Hearables
Restraints:
Delivering High-Quality Audio
Opportunities:
Advancements in Voice User Interface (UI) by Key Players
Market Leaders and their expansionary development strategies
In May 2023, CEVA, Inc. , the leading licensor of wireless connectivity and smart sensing technologies and custom SoC solutions, today announced the acquisition of the RealSpace 3D Spatial Audio business, technology and patents from VisiSonics Corporation.
In September 2022, boAt, India’s No.1 audio wearables brand having a portfolio of well-designed, indigenized and distinctive lifestyle-oriented products offered at attractive prices has launched a new in-house developed ‘boAt Hearables App’. The new boAt Hearables app comes with exciting features including Self-Diagnostics Mode – an advanced feature to make the customer experience richer and better.
Key Target Audience
Smartphone and Audio Devices Companies, Component Providers, Technology Providers, Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.